Metlife (MET-PA) Cost of Revenue (2009 - 2026)

Metlife (MET-PA) recorded quarterly Cost of Revenue of $11.9 billion in Q1 2026, down 29.28% quarter-over-quarter from $16.8 billion in Q4 2025, and little changed on a YoY basis from $11.8 billion in Q1 2025.

Metlife (MET-PA) Cost of Revenue (2009 - 2026) Analysis & Trends

Metlife's Cost of Revenue history runs 18 years deep, the most recent figure standing at $11.9 billion for Q1 2026.

  • In Q1 2026, Cost of Revenue changed 0.49% year-over-year to $11.9 billion; the TTM figure through Mar 2026 stood at $49.8 billion (up 7.14% YoY), while the FY2025 annual figure was $49.7 billion, up 11.16% from the prior year.
  • Cost of Revenue was $11.9 billion for Q1 2026 at Metlife, down from $16.8 billion in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $17.6 billion in Q3 2022 to a low of $9.1 billion in Q4 2022.
  • Historically, Cost of Revenue has averaged $11.8 billion across 5 years, with a median of $11.5 billion in 2024.
  • The sharpest annual moves came in 2022 and 2023: Cost of Revenue jumped 74.24% in 2022, then sank 36.77% in 2023.
  • A 5-year view of Cost of Revenue shows it stood at $9.1 billion in 2022, then grew by 29.23% to $11.8 billion in 2023, then increased by 6.73% to $12.6 billion in 2024, then surged by 33.44% to $16.8 billion in 2025, then declined by 29.28% to $11.9 billion in 2026.
  • The last three Cost of Revenue figures came in at $11.9 billion (Q1 2026), $16.8 billion (Q4 2025), and $10.4 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Manulife Financial 575.36 Bn 575.36 Bn - -
2 Aflac 60.03 Bn 54.38 Bn 1.48 Bn 1.83 Bn
3 Metlife 56.29 Bn 40.35 Bn 256.00 Mn 11.86 Bn
4 Unum 14.92 Bn 4.96 Bn 1.40 Bn 1.96 Bn
5 Globe Life 12.80 Bn 12.12 Bn 1.45 Bn 113.74 Mn
6 Primerica 8.79 Bn 8.79 Bn 770.81 Mn 101.88 Mn
7 Jackson Financial 7.51 Bn 1.68 Bn - -
8 Lincoln National 6.95 Bn -8.74 Bn 3.25 Bn 2.06 Bn
9 CNO Financial 4.67 Bn 4.33 Bn 754.30 Mn 275.30 Mn
10 Metlife - - 256.00 Mn 11.86 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 11.86 Bn
Mar 31, 2026 11.86 Bn
Dec 31, 2025 16.78 Bn
Dec 31, 2025 16.78 Bn
Sep 30, 2025 10.37 Bn
Sep 30, 2025 10.37 Bn
Jun 30, 2025 10.77 Bn
Jun 30, 2025 10.77 Bn
Mar 31, 2025 11.81 Bn
Mar 31, 2025 11.81 Bn
Dec 31, 2024 12.57 Bn
Dec 31, 2024 12.57 Bn
Sep 30, 2024 10.60 Bn
Sep 30, 2024 10.60 Bn
Jun 30, 2024 11.49 Bn
Jun 30, 2024 11.49 Bn
Mar 31, 2024 10.07 Bn
Mar 31, 2024 10.07 Bn
Dec 31, 2023 11.78 Bn
Dec 31, 2023 11.78 Bn